Royal Mail have reported a significant surge in profits in its first set of results since its floatation on the London Stock Exchange.
The group revealed operating profits nearly doubled to £283 million for the six months to September 29 from £144 million a year earlier.
Figures were boosted by £95 million after a VAT credit and lower-than-expected costs of its overhaul programme.
The Business Secretary will be quizzed by MPs today over the controversial privatisation of the company, with many critics accusing the Government of selling the company too cheaply.
More top news
This defeat for Theresa May matters: it shows the fury among some MPs, notably those who voted to Remain, that they are being ignored.
Theresa May's government has been narrowly defeated in a key Commons vote after a rebellion by Conservative MPs.
Despite temperatures reaching double figures in the south today, it was still a chilly day, with brisk winds.